The Home Depot, Inc.: The Influence of Housing Turnover and Interest Rate Environment! 

In the first quarter of 2024, The Home Depot’s total sales amounted to $36.4 billion, marking a decrease of 2.3% from the same period last year. The company’s comp sales declined by 2.8% and US stores also reported negative comps of 3.2%. The diluted earnings per share were noted to be $3.63 for the first quarter, a dip from $3.82 during the first quarter of the previous year. Despite the decrease, the company’s team managed to achieve market share growth, and the quarter was characterized by a delayed start to spring and continued softness in discretionary projects.